Henri Fayol's 14 principles of management outline essential guidelines for organizational structure and employee interaction, emphasizing aspects like division of labor, unity of direction, and authority-responsibility balance. Developed from Fayol's extensive experience as an engineer and director in the mining industry, these principles remain influential in modern management theory, advocating for specialization and collaboration. Fayol's work highlights the importance of fair remuneration and employee stability for enhancing productivity and team spirit within organizations.